A multi-party agreement has paved the way for a three-year funding model for Hastings Racecourse in British Columbia, Canada, officials said Feb. 17. The 2014 Thoroughbred meet is expected to begin in late April or early May.
Total on-site pari-mutuel wagering at Delaware Park in 2013 totaled $149.2 million, down 4.1% from $155.5 million in 2012, according to the annual report released Feb. 6 by the Delaware Thoroughbred Racing Commission.
- By Tom LaMarra
Penn National Gaming Inc. officials said Feb. 6 they don't believe a roughly $100 million decline in net revenue is associated with customers opting for other forms of gambling or entertainment.
Racing stakeholders and government officials Feb. 4 publicly stated their opposition to legislation that would shift 15% of video lottery and table games revenue to fund other programs in West Virginia.
A Pennsylvania lawmaker's proposal to gut the Race Horse Development Fund supported by revenue from slot machines generated a strong response from the Pennsylvania Equine Coalition.
It appears rather than having one percentage for the amount of revenue that goes to purses from video lottery terminals, Ohio could have a different number for each of its seven racetracks.
Construction of a new racetrack gaming facility in the Mahoning Valley is well under way, but the track's owner and the Ohio State Racing Commission continued a battle over a commitment on the number of stalls Jan. 23.
Casinos at five racetracks in Kentucky would generate about $86 million a year for the horse industry, a sponsor of expanded gambling legislation told the House Licensing and Occupations Committee Jan. 15.
Suffolk Downs said Jan. 9 it is committed to live racing should its new partner, Mohegan Sun, win the license to build a casino on track property.
Kentucky Gov. Steve Beshear Jan. 7 again said the state needs sources of new revenue, one of which is casino gambling.
Centaur Gaming and horse racing industry stakeholders have won approval for a long-term gaming revenue distribution agreement that will allow the company to refinance in 2014.
Mohegan Sun and Revere, Mass., said Dec. 23 they have reached a host community agreement that would guarantee the city between $25 million and $30 million in revenue per year from a proposed casino at Suffolk Downs.
Ohio breeding programs grew in 2013 and are expected to continue that trend in 2014, according to Ohio State Racing Commission statistics.
The Ohio State Racing Commission Dec. 19 postponed granting a new racetrack gaming facility a 2014 racing permit because its owners have decided not to have pari-mutuel clerks for live or simulcast racing.
Hialeah Park has begun its fifth consecutive Quarter Horse racing season and is preparing for a year in which it might have its biggest chance yet to regain a Thoroughbred racing license.
A new facility featuring Thoroughbred and Standardbred racing is expected to open in 2014 near Calgary, Alberta, the partners in the project announced Dec. 4.
The New York Racing Association is finalizing a "fresh look" budget for 2014 that will hike fees imposed on simulcast partners and raise prices for racetrack admission and parking while cutting a number of expenses.
The Indiana Horse Racing Commission is looking into allegations regarding expenditure of funds from the Indiana Horsemen's Benevolent and Protective Association Benefit Trust.
Suffolk Downs remained in the running for a casino license with the Nov. 27 announcement it has reached an agreement with Mohegan Sun, which operates gaming facilities in Connecticut, New Jersey, and Pennsylvania.
Though New Jersey Thoroughbred racing has a long way to go from a financial perspective, some racetrack operators and horsemen's representatives appear bullish on the future.
Time is running out for Ohio racetracks and horsemen's groups to agree on the percentage of video lottery terminal revenue that will go to purses and breed development programs.
The 67-day Thoroughbred meet at Prairie Meadows Racetrack & Casino will run from April 18-Aug. 9 in 2014, but its racing week is still in dispute.
A Louisville Democrat has drafted legislation calling for a constitutional amendment to allow three stand-alone casinos, plus five others at horse tracks.
Suffolk Downs was granted a racing license Nov. 14 for 2014 based on its intent to offer live Thoroughbred racing.
Calder Casino & Race Course is planning a mid-December move of its poker room from its racing building to its casino building, perhaps in an effort to increase revenue.
Suffolk Downs received a recommendation that its request for 100 days of racing be approved for 2014, but a track official said there are "variables" that could complicate matters.
New York voters Nov. 5 authorized the state to license up to seven new commercial casinos, the biggest casino gambling expansion in state history.
Suffolk Downs hasn't abandoned its pursuit of a resort casino even though East Boston voters rejected the plan by a hefty margin in a Nov. 5 referendum.
Florida lawmakers should ensure the racing and breeding industry has the tools to compete in a competitive gambling market, the executive director of the Florida Thoroughbred Breeders' and Owners' Association said Nov. 4.
Pro-casino forces raised in excess of $3.5 million the last four weeks to finance television ads and mailings trying to convince New York voters to approve a large expansion of gambling facilities in the state.
Four Pennsylvania state senators are seeking support for legislation that would put regulatory oversight of horse racing under the Pennsylvania Gaming Control Board and make other changes in policy.
The Massachusetts Gaming Commission Oct. 29 ruled Suffolk Downs suitable to pursue a license for a destination resort casino.
Racing dates for five tracks will remain undecided until at least Nov. 21, the date of the next Ohio State Racing Commission meeting.
Suffolk Downs Oct. 24 released details of a $40 million "racing improvement plan" tied to its bid for a destination casino license. Officials held a press conference at Indian Rock Stables, a Thoroughbred breeding farm.
Officials with Belterra Park's parent company said they want the rebuilt facility to not only be the premier racetrack in Ohio, but in the surrounding area.
Just days after asking its casino partner to resign in the wake of an investigation by the Massachusetts Gaming Commission, Suffolk Downs said it will unveil a $40 million "racing improvement plan" at a local horse farm.
Penn National Gaming Inc., which is seeking a license to build a resort casino in Maryland, has taken the bold step of announcing it will share its profits with the community in Prince George's County.
Just three weeks before critical local referendums on casino gambling at Suffolk Downs, the racetrack asked partner Caesars Entertainment to resign from the proposed destination resort casino development.
Horse racing will receive a share of gaming revenue from the casinos that will be built in Massachusetts, but during an Oct. 16 forum on the industry, stakeholders asked a question: What good is the money without racetracks?
The Ontario government said Oct. 11 it will provide up to $400 million to the horse racing industry in the province over a five-year period.
It appears major changes are coming to Centaur Gaming-owned Indiana Downs in the form of facility upgrades and a closer working relationship between the track and horsemen's groups.
A group called "Kentucky Wins" said it plans to lobby for a constitutional amendment on casino gambling.
The Ohio State Racing Commission was unable to act on 2014 racing dates at its Sept. 24 meeting, but a horsemen's representative said negotiations on dates are progressing.
The Florida Senate Committee on Gaming was told Sept. 23 it will review multiple scenarios prepared by a consultant in regard to the possible expansion of gambling in the state.
The Fort Erie Live Racing Consortium said it has submitted a proposal to the Ontario provincial government's Horse Racing Transition Panel to continue live racing at Fort Erie for at least the next three years.
The New York Racing Association reported net income of $8.2 million for the first six months of 2013, up 2% from the same period in 2012 because of an increase in video lottery terminal revenue and a decrease in expenses.
Suffolk Downs reported progress Aug. 27 in its quest for a casino license.
Though a measure to expand gambling in New Hampshire and open the door to the possible return of live racing at Rockingham Park failed in the state legislature in May, the prime sponsor of the bill said he will try again.
As it approaches its biggest day of the year racing-wise, Mountaineer Casino, Racetrack & Resort is trying to hold its own in a glutted regional gambling market.
The Ohio Supreme Court has agreed to hear arguments on whether a public policy group that had filed suit over the 2011 law that authorized video lottery terminals at Ohio racetracks has standing to appeal.
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